If a Tax Causes the Supply Curve to Shift,we Know

question 82

Multiple Choice

If a tax causes the supply curve to shift,we know that the tax is paid out of pocket by

• A) consumers.
• B) producers.
• C) the government.
• D) both producers and consumers.
• E) consumer,producers,and the government.

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Definitions:

Billing Date

The date on which the bill or invoice for goods or services is generated or issued.

Credit Period

The length of time a buyer is given to pay for goods or services received, often without incurring interest.

Discount Period

The time frame between the date of a bill of exchange or a deferred payment and its maturity date, when it becomes payable at a reduced rate.

Economic Order Quantity

A formula used in inventory management for determining the optimal order size that minimizes the total costs of holding and ordering inventory.